17 June 2015
Spain: Lafarge has invested a total of Euro20m in its Spanish plant of Montcada i Reixac, Catalonia in the last 10 years. Lafarge has most recently invested Euro200,000 to upgrade two of its crusher filters, which capture the dust produced during the processing of raw materials.
India: According to the Irish Examiner, CRH is being linked with a second potential Asian deal in as many weeks, this one with a price tag of around US$1bn. A Mergermarket report has it that CRH is one of 16 likely bidders for assets in eastern India being sold by Lafarge. The disposal makes up part of the conditions related to Lafarge's merger with Holcim.
Local press stated that CRH is an 'obvious bidder' given that it already has a presence in southern India and is in the process of buying US$7.32bn of assets as part of the LafargeHolcim deal. However, Mergermarket claims CRH is vying with HeidelbergCement, among others, for the new assets and has until the end of June 2015 to complete due diligence and until 15 July 2015 to submit a binding bid.
Costa Rica: According to La Nacion, the Costa Rican technical standards institute, Inteco, has opened a public consultation process concerning new technical guidelines for both imported and locally-produced hydraulic cement. The agency seeks to establish a series of standards and guidelines for cement and its components.
Following a request from the Ministry of Finance, Industry and Trade (MEIC), Inteco launched a process to establish the new guidelines in 2014. The consultation process will be open until 27 July 2015 and will give players in the local cement market the opportunity to express their opinions. Cement producers Holcim and Cemex, as well as cement importer Sinocem, previously expressed their opposition to the MEIC's plans to introduce new certification requirements for cement to be approved by an internationally-accredited laboratory.
Arawak Cement plant troubled by cocaine smuggler 17 June 2015
Barbados: According to Barbados Today, Ryon Marlon George has been sentenced to seven years in prison by chief magistrate Pamela Beckles after pleading guilty to seven drug charges involving 19.6kg of cocaine in the Oistins Magistrates' Court. The contraband, worth almost US$1m, was found on the MV Fairland cargo ship.
George admitted importing, intent to supply, possession and trafficking cocaine on 22 January 2015 at the Arawak cement plant. Station sergeant Rudolph Burnett outlined how the ship arrived in the Bridgetown Port on 15 January 2015, before making its way to the Arawak cement plant to collect a consignment of cement. The ship, on which George worked as an oiler, was Guyana-bound. Acting on a tip-off, police carried out an operation at the Arawak cement plant on 22 January 2015. Police boarded, searched and found a haversack with seven packages of cocaine hidden inside a garbage bin.
George admitted travelling from Guyana to Barbados with two bags on cocaine hidden on the ship, which he intended to hand over to unknown men. He also told police he had put one of the bags on the pier in a bin and later directed the lawmen to a hole in the ship where he had another bag hidden. That bag contained 10 packages of cocaine.
Cement plant announced in Honduras 17 June 2015
Honduras: According to Central America Data, the Honduran government has signed an agreement with the Italian Goldlake Group to build a cement plant with an estimated value of US$200m. The agreement comes within the framework of the VII Italian-American Latin America and the Caribbean Conference with president Juan Orlando Hernandez as a witness of honour. Economic development minister Alden Rivera announced that construction of the cement plant would start in July 2015 in the Valley of Agalteca.